Medical Colleges may be Permitted for Lower Capacity Intake
The Medical Council of India (MCI) on June 25, 2019 has notified the commencement of Establishment of Medical College Regulations (Amendment), 2019, thereby amending the existing Establishment of Medical College Regulations, 1999.
DGFT takes action for Recovery of Penalties and Pending Appeals and Reviews
DGFT has directed all the Adjudicating Authorities in RAs and SEZs to take immediate action against all pending appeals, reviews and penalty recovery. As per the direction, all adjudicating authorities shall take action in the above matters within 30 days from the date of issuing of this notification.
MCA released Form DIR-3-KYC-WEB
The Ministry of Corporate Affairs has notified Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 on 25th July, 2019. Rule 12A has been amended which deals with filing of DIR-3 KYC. After e-form DIR-3 KYC, DIR-3-KYC-WEB has been inserted and Date of filing of DIR-3 KYC has been changed to 30th of September. […]
100% FDI in Palm oil Plantation has been permitted
100% foreign investment under automatic route has been permitted for palm oil tree plantation since 24.11.2015. The Government is constantly taking various initiatives to boost investments which, inter-alia, include Make-in-India programme, measures to improve ease of doing business, facilitating Micro, Small and Medium Enterprises (MSME), reforms in the Foreign Direct Investment (FDI) Policy, etc. To […]
FSSAI issues letter regarding voluntary use of ‘Trans Fat Free’ logo
FSSAI in its recent notification dated 22nd July, 2019, has encouraged all the food establishments to use healthier fat or oils options, and reduce the trans fat content in the foods. Further to the notification, FSSAI has also directed all the food establishments using trans-fat free fats or oil and do not have industrial trans-fat […]
Due date for Filing ITR for FY 2018-19 extended to August 31
The Central Board of Direct Taxes by an order dated 23rd July, 2019 has extended the deadline for filing Income Tax Return for Financial Year 2018-19 by individuals and HUF to August 31, 2019. The original due date was 31st July. As per the order, extension is applicable to all taxpayers liable to file their […]
CBIC issued clarification on supply of ITeS services under GST
Central Board of Indirect Taxes and Customs has clarified on issues related to supply of Information Technology enabled Services (“ITeS services”) such as call center, business process outsourcing services, etc. and “Intermediaries” to overseas entities under GST law, by a circular dated 18th July, 2019. This clarification has been issued in response to various representations received.
The Board discussed three possible scenarios when a supplier of ITeS located in India supplies services for and on behalf of a client located abroad.
t has also been clarified that supplier of ITeS, who is not an ‘intermediary’ can avail benefits of export of services if he satisfies the criteria mentioned in section 2(6) of the IGST Act
Drugs and Cosmetic (11th amendment)Rules notified
The Drugs and Cosmetic Rules, 1945 has been amended by Drugs and Cosmetics (Eleventh Amendment) Rules, 2019 dated 17th July 2019.
The newly revised rules now require manufacturers and distributors of drugs specified in Schedule C and C (1) to pay a “licence retention fee” for a valid licence. In case of failure to pay, the licensee will be required to pay a late fee calculated at the rate of 2 percent of the licence fee for every month up to six months. In case of non-payment, the licence will be cancelled. The same shall also apply to holders of a loan licence.
The Rules related to renewal has been removed from Rule 150J and 150E. Form 24C and 26J has also been amended.
Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities
SEBI has issued a circular in order to amend the formats for submitting quarterly compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities. The format shall supersede the format provided in the earlier notification dated 24th September 2015. How ever, as per the amendment, only Format of submitting the quarterly reports shall be amended and rest all shall remain same as mentioned in the earlier 24th September , 2015 notification.
Bihar Professional Tax (Amendment) Rules, 2019
The Governor of Bihar has amended the Bihar Professional Tax Rules, 2011 vide notification dated 11th July 2019. Some of the highlights of the Amendment are as follows: Every employer required to be registered, shall apply in Form PT-I within 7 days of the employer being required to be registered and shall be filed in […]
